CropEnergies AG (HAM:CE2)
€ 13.4 0 (0%) Market Cap: 1.17 Bil Enterprise Value: 1.12 Bil PE Ratio: 81.21 PB Ratio: 1.83 GF Score: 54/100

Q2 2024 CropEnergies AG Earnings Call Transcript

Oct 11, 2023 / NTS GMT
Release Date Price: €7.82 (+3.85%)
Stephan Meeder
CropEnergies AG - Spokesperson of the Executive Board, CEO & CFO

Thank you, George, for the introduction. Welcome, everybody, on our Q2 conference call. Thank you very much for your interest in CropEnergies. We have published our presentation on the website. I hope that you all have it in front of you.

So I would start on Page 2, which is called highlights. So as a background, we have released an ad hoc release on July 12 this year, where we already indicated that we await for Q2 a significant reduction in revenues, EBITDA and operating profit, due to normalized prices and to lower production sales levels due to maintenance shutdowns. And you will see later on when we look into the numbers that Q2 came unexpected. It's clearly significantly below prior year, but it's in line with expectations.

Also important to note that we confirm our guideline as of today, and at the same time, it shall always be noted that if we look into figures of financial year '22, '23, this compares to the fourth record year in a row and the last financial year '21, '22 was exceptionally high. So

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot